Or don’t donate anything, and pay no tax! Sorry, I know this is a non political thread (unless you view Apple vs Android as a political culture war). But I am struck that it was a scandal that Mitt Romney only paid 14% income tax, giving him no credit for tithing to his church (and don’t forget the charity boxing match!) Yet now we have someone who apparently does neither, and he’s a genius.
Meanwhile, I’ve got an old vehicle to donate, and am wondering if those cars-for-kids deals are for real or just scams. Maybe better to just take it to the auto wrecker and then donate the cash? From: Af [mailto:af-boun...@afmug.com] On Behalf Of Lewis Bergman Sent: Thursday, October 13, 2016 9:49 AM To: af@afmug.com Subject: Re: [AFMUG] OT: AAPL I use this tax strategy years ago and it enabled me to donate more money and pay less tax. On Wed, Oct 12, 2016, 3:45 PM Jon Langeler <jon-ispli...@michwave.net <mailto:jon-ispli...@michwave.net> > wrote: Thanks for the tips! AAPL may be a good buy right now but not a steal Jon Langeler Michwave Technologies, Inc. > On Oct 12, 2016, at 12:07 PM, Travis Johnson <t...@ida.net > <mailto:t...@ida.net> > wrote: > > I'm all in on AAPL at $114 (a few weeks ago). Keep blowing up those phones > Samsung... LOL > > This is a longer term investment... making 2% dividends is better than most > bank CD's or savings accounts, and Apple has made a 16% annual return over > the last 5 years. Even if their stock just holds (which it won't now because > of the Samsung thing, etc), it's making 2% and it's still "liquid" according > to the banks, which helps on personal financial statements. > > AND, the new hip thing to do is donating stock to your church as a charitable > donation. You don't have to pay the tax on the increase if you sold it first, > you just transfer it at the current value. Amazing the tax tricks these > church going people come up with... LOL > > Travis >
